Land laws, rents and the SFP at Farming Update

Agricultural businesses will have an opportunity to hear the latest developments in the rural sector at a free Farming Update event in Wadebridge on January 23.

Solicitors Stephens Scown, land agents Stags and accountants Francis Clark will be joining to provide an update at the evening event.

Gareth Rowe and Andrew Ransom of Stags will give an update on farming and the land, covering the different ways to occupy land, capital and rental values, the relative benefits of buying and renting and an update on the Single Farm Payment Scheme.

"Agricultural land values in England rose by over 7% during 2012 to an average of £7,250 per acre with some of the largest increases being recorded in the South West region," said Mr Rowe, of Stags' Truro Office. "This rising trend is expected to continue in 2013, particularly if the supply of land to the market remains tight."

Francis Clark's Robert Cowie and Brian Harvey will discuss cost and profit at the event, covering how farmers can control, influence and improve the costs and profit of their farming business.

Mr Cowie said: "We recognise that for some farmers these are difficult times and that for the most part market prices are beyond the farmers' control. Given this, there is a need to focus on cost control and management and ensuring maximum return on capital expenditure, as this can be the difference between a profit or loss-making enterprise."

In the current financial climate incorporating a farm business could be a very smart move. Mr Wilson will run through the many issues that need to be considered to ensure this is the right move for a business.

Phil Reed, head of Stephens Scown's rural team, said: "This will be a great opportunity for farmers and agricultural businesses to hear about the latest developments. I'm delighted to be able to join forces with Stags and Francis Clark to provide such a comprehensive update for our guests." To book a place at the event at the Royal Cornwall Showground, starting at 6.30pm, email marketing@stephens-scown.co.uk.